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Express Cars Exeter Limited

08304889

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

128 HIGH STREET, CREDITON, EX17 3LQ
Incorporated 23/11/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49320
Taxi operation

Officers

Noroz Badavi

director · Since 23/11/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 1 other board

Persons with Significant Control

Mr Noroz Badavi

75–100% shares
Appoint directors

British · United Kingdom · Age 65

Old Forge Garage, Rewe, Exeter, EX5 4ET

Notified 22/11/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 15/02/2019Registered 20/02/2019
Charge
outstanding

BARCLAYS BANK PLC

Created 14/01/2018Registered 27/01/2018

CompanyRankvs 6173+ SIC 49320 peers
40

Financial strength1th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.57× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

-£220k

Balance sheet strength

Cash

£76

Cash in the bank

Net Current Assets

-£179k

Working capital

Current Assets

£241k

Current Liabilities

£420k

Fixed Assets

£486k

Debtors

£176k

57avg. employees+5

Balance Sheet

Assets less current liabilities£307k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.57-£250k
20241.66-£145k
20231.26

Derived from filed accounts. Not audited figures.